Connect with us

Noticias

Coin Metrics researchers found a discrepancy of $ 84 million in Ripple reporting and XRP

According to analysts at Coin Metrics, in the course of studying the previous quarterly reports of Californian company Ripple, they revealed significant discrepancies between the figures stated there and the data of the public XRP blockchain. CM CM Data Card, Addendum, Addendum, Adventurum, […]

Published

on

blockchain data

According to analysts at Coin Metrics, in the course of studying the previous quarterly reports of Californian company Ripple, they revealed significant discrepancies between the figures stated there and the data of the public XRP blockchain.

In particular, in the reports for the third quarter of 2018 and the first quarter of 2019, Ripple underestimated the volume of XRP issued from the e-escrow wallet. The total discrepancy, according to analysts, was about 200 million XRP or $ 84 million at the rate at the time of publication of the report.

It also says that the escrow queue »XRP works differently than Ripple claims. According to the company, unused funds are sent back to the store, re-released in the first month without existing security.

However, as the XRP blockchain data shows, in reality Ripple distributes tokens, maintaining a monthly provision of 1 billion XRP.

Also, analysts at Coin Metrics have found that Ripple launches additional XRPs from its escrow wallets that are not part of the process described above. According to their data, as of today, 55 million XRPs have been issued this way, most of which was then sent to the Bitstamp exchange.

Recall that on May 1, 1 billion XRP tokens were unfrozen on the Ripple escrow account. They are expected to be used for various changes in the Ripple ecosystem, as well as for direct sales.

In April, Ripple company published a financial report for the first quarter of 2019, according to which sales of XRP tokens increased by 31% compared with the previous quarter, reaching $ 169.42 million.

Follow BlockchainJournal on Twitter !

<< aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

BlockchainJournal.news

BlockchainJournal.news

Mercado

Peter Schiff Predice la Caída del Precio de Bitcoin a $10,000 o Menos

Published

on

By

El estratega jefe de mercado de Euro Pacific Asset Management, Peter Schiff, predice que Bitcoin no alcanzará nuevos máximos más allá de $69 000 y seguirá cayendo por debajo de $10 000 o menos.

(más…)

Continue Reading

Compañías

Celsius Acusado de Ofrecer Valores No Registrados

Published

on

By

Celsius Acusado de Ofrecer Valores No Registrados

El Departamento de Protección e Innovación Financiera de California (DFPI) ha emitido una orden de desistimiento y abstención contra Celsius. Como tal, el prestamista de criptomonedas en quiebra no podrá continuar con la venta y comercialización de valores en el estado de California.

(más…)

Continue Reading

Compañías

Gate Technology Ltd. Amplía sus Servicios a Malta

Published

on

By

Gate Technology Ltd. Amplía sus Servicios a Malta

Gate.io Group informó que su filial con sede en Malta, Gate Technology Ltd., ha adquirido una licencia en Malta para ser un proveedor de servicios de activos financieros virtuales (VFA). Ahora puede establecer un Exchange de VFA y proporcionar servicios de custodia en o desde Malta bajo el nombre de Gate Malta. Desde entonces, el Grupo también ha comenzado a ampliar su equipo para adaptarse mejor al mercado local.

(más…)

Continue Reading

Trending